Hiring for US Mortgage - WALKIN - Senior Analyst
Date - 13th to 15th Oct
Time - 11.00am-2.00pm
*Please do not carry your personal laptop to the venue
Overview:
Key Responsibilities:
- Application Review: Thoroughly review the Uniform Residential Loan Application (1003) for accuracy and completeness.
- Document Verification: Verify the authenticity and accuracy of income, asset, and credit documents submitted by applicants.
- Third-Party Coordination: Proactively follow up with external vendors to obtain necessary documentation, including appraisals, Verification of Employment (VOE), title commitments, and insurance information.
- Condition Clearing: Work diligently to clear all initial conditions on the loan file, addressing any deficiencies or outstanding requirements.
- Checklist Completion: Ensure all items on the processing checklist are accurately completed and documented.
- Underwriting Submission: Prepare and submit complete and organized loan files to the Underwriting department.
- Compliance Adherence: Strictly adhere to the Bank's compliance policies and procedures, including ensuring compliance with the SAFE Act.
Qualifications:
- Proven experience in mortgage loan processing or coordination.
- Strong understanding of residential mortgage documentation (1003, income/asset docs, credit reports).
- Excellent organizational skills and attention to detail.
- Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
- Strong communication and follow-up skills.
- Familiarity with mortgage compliance requirements, particularly the SAFE Act.
- Working knowledge on Encompass LOS is plus
Residential Mortgage Underwriter
Overview: The Underwriter is responsible for critically assessing the creditworthiness of loan applicants and the eligibility of properties, ensuring all loans meet the Bank's guidelines and regulatory requirements. This role involves a deep dive into financial data, property valuations, and loan documentation to render informed loan decisions.
Key Responsibilities:
- Credit Analysis: Perform comprehensive analysis of borrower credit profiles, including credit reports, debt-to-income ratios, and payment history.
- Property Analysis: Conduct thorough reviews of property appraisals to confirm valuation, condition, and marketability.
- Document Verification (Advanced): Re-verify and critically evaluate income, asset, and credit documents to ensure accuracy and consistency with underwriting guidelines.
- Loan Document Review: Review all subsequent loan documents received post-processing for accuracy and completeness.
- Condition Generation: Clearly define and add specific conditions necessary for loan approval, communicating these effectively.
- Loan Decisioning: Make informed decisions on loan applications (approve, conditionally approve, or deny) based on comprehensive analysis and adherence to guidelines.
- Underwriting Memo Completion: Complete detailed Underwriting Memos or worksheets as required, documenting the rationale for loan decisions and conditions.
- Compliance & Regulatory Adherence: Strictly adhere to the Bank's compliance policies and procedures, ensuring all operations meet regulatory compliance requirements.
Qualifications:
- Proven experience as a Mortgage Underwriter with a strong understanding of conventional, and potentially FHA/VA, loan programs.
- Expertise in credit analysis, income/asset calculation, and appraisal review.
- Exceptional analytical and decision-making skills.
- Thorough knowledge of federal and state mortgage lending regulations.
- Ability to work independently and manage a pipeline of loans efficiently.
- Strong written communication skills for documenting loan decisions.
Closing, Fee Calculation & Disclosure Specialist
Overview: The Closing & Disclosure Specialist is responsible for preparing and balancing final loan documents, ensuring all conditions are cleared before closing, and coordinating with settlement agents to facilitate a smooth and compliant closing process. This role is critical in the final stages of the loan lifecycle, ensuring accuracy and adherence to regulatory requirements.
Key Responsibilities:
- Document Review & Data Input: Meticulously review all pre-closing documents and input accurate data into the closing system.
- Fee Calculation and Verification: Accurately calculate, review, and verify all loan-related fees, ensuring they align with the Loan Estimate, lender policies, and regulatory guidelines.
- Condition Clearing: Proactively work to clear any remaining conditions required for the final closing disclosure and funding.
- Signature Document Review: Review all documents requiring signatures for accuracy and proper preparation.
- Wire Calculation: Accurately calculate final wire amounts for funding.
- Final Closing Disclosure (CD) Balancing: Balance the final Closing Disclosure to ensure all figures are correct and compliant with TRID regulations.
- Document Preparation & Delivery: Prepare and send all necessary closing documents, the final Closing Disclosure, and signature-required documents to the settlement agent.
- Funding Submission: Submit the complete and accurate file to the funding department for final disbursement.
- Compliance & Regulatory Adherence: Strictly adhere to the Bank's compliance policies and procedures, ensuring all operations meet regulatory compliance requirements.
Qualifications:
- Proven experience in mortgage loan closing or disclosure preparation.
- Strong understanding of closing processes, documents, and compliance requirements (especially TRID).
- Exceptional attention to detail and accuracy in calculations.
- Proficiency in reviewing legal documents and ensuring their completeness.
- Excellent organizational and time management skills.
- Ability to communicate effectively with internal teams and external settlement agents.
- Working knowledge on Encompass LOS is plus
Funding & Wire
Overview: The Closing & Disclosure Specialist is responsible for preparing and balancing final loan documents, ensuring all conditions are cleared before closing, and coordinating with settlement agents to facilitate a smooth and compliant closing process. This role is critical in the final stages of the loan lifecycle, ensuring accuracy and adherence to regulatory requirements.
Key Responsibilities
- Condition Clearing: Proactively work to clear any remaining conditions required for the final closing disclosure and funding.
- Signature Document Review: Review all documents requiring signatures for accuracy and proper preparation.
- Wire Calculation: Accurately calculate final wire amounts for funding.
- Final Closing Disclosure (CD) Balancing: Balance the final Closing Disclosure to ensure all figures are correct and compliant with TRID regulations.
- Funding Submission: Submit the complete and accurate file to the funding department for final disbursement.
- Compliance & Regulatory Adherence: Strictly adhere to the Bank's compliance policies and procedures, ensuring all operations meet regulatory compliance requirements.
Qualifications:
- Proven experience in mortgage loan closing or disclosure preparation.
- Strong understanding of closing processes, documents, and compliance requirements (especially TRID).
- Exceptional attention to detail and accuracy in calculations.
- Proficiency in reviewing legal documents and ensuring their completeness.
- Excellent organizational and time management skills.
- Ability to communicate effectively with internal teams and external settlement agents.
- Working knowledge on Encompass LOS is plus
